Merry is selling her old car for $13252. If a prospective buyer offers to make yearly payments for the next 5 years, what should Merry set these payments to if the correct discount rate is 0.21?
This question requires application of PV of annuity formula
PV =
13252 = P * 2.925984
P = $4,529.07
Merry is selling her old car for $13252. If a prospective buyer offers to make yearly...
Tanya is selling her old car for $16,845. If a prospective buyer offers to make yearly payments for the next 5 years, what should Tanya set these payments to if the correct discount rate is 0.11?
Tanya is selling her old car for $6,933. If a prospective buyer offers to make yearly payments for the next 5 years, what should Tanya set these payments to if the correct discount rate is 0.11?
Alice is selling her old car for $5997. If a prospective buyer offers to make yearly payments for the next 4 years, what should Alice set these payments to if the correct discount rate is 0.24?
Tanya is selling her old car for $8,261. If a prospective buyer offers to make yearly payments for the next 3 years, what should Tanya set these payments to if the correct discount rate is 0.17?
Tanya is selling her old car for $11,971. If a prospective buyer offers to make yearly payments for the next 6 years, what should Tanya set these payments to if the correct discount rate is 0.11?
Question 5 1 pts Tanya is selling her old car for $7,356. If a prospective buyer offers to make yearly payments for the next 5 years, what should Tanya set these payments to if the correct discount rate is 0.14?
Question 4 1 pts Tanya is selling her old car for $10,790. If a prospective buyer offers to make yearly payments for the next 6 years, what should Tanya set these payments to if the correct discount rate is 0.19?
A car dealership offers you no money down on a new car. You may pay for the car for 4 years by equal monthly end-of-the-month payments of $477 each, with the first payment to be made one month from today. If the discount annual rate is 18.48 percent compounded monthly, what is the present value of the car payments?
A car dealership offers you no money down on a new car. You may pay for the car for 3 years by equal monthly end-of-the-month payments of $735 each, with the first payment to be made one month from today. If the discount annual rate is 17.45 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal places.
A car dealership offers you no money down on a new car. You may pay for the car for 4 years by equal monthly end-of-the-month payments of $765 each, with the first payment to be made one month from today. If the discount annual rate is 12.24 percent compounded monthly, what is the present value of the car payments? Round the answer to two decimal places.